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Dollar's Dip Shows Greenspan in Denial

 

Editor's note: This is a special bonus column for TheStreet.com readers. Peter Eavis' commentary regularly appears on RealMoney.com. To sign up for RealMoney, where you can read his commentary every day, please click here for a free trial.

Just about everyone is worrying about the tanking dollar and the enormous U.S. trade deficit. So it's high time for Alan Greenspan, the nation's central banker, to step in and tell us how we might deal with the wilting greenback.

Instead, the Fed chairman has made a speech that will go down as the one of most flagrant pieces of self-serving tripe in financial history. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,307.96 1,090.64 2,137.05 32.36
Oil *
75.88
DOWN
156.44
DOWN
19.99
DOWN
39.00
DOWN
0.43
10 Yr
3.24%
SPDR Gold
114.20
-1.50%
-1.80%
-1.79%
-1.31%
Data delayed 20 minutes

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